Europe Movers: A.P. Moller-Mersk, CRH, Hochtief, TUI

Arthi Gupta
14 Aug, 2012
New York City

Sky Deutschland second quarter revenues increased driven by the 14% increase in subscribers and an ARPU growth. RWE earnings remained flat, Nordex sales grew and Salzgitter swung to loss in the first-half. TUI third quarter operating earnings climbed 6%.

A.P. Moller-Maersk A/S rose 0.8% to DKK 40,920 after Danish business conglomerate reported second quarter revenue fell 1% to $15.35 billion from the prior-year quarter. Profit for the quarter plunged 39% to $965 million compared to $1.57 billion last year.

BAUER AG climbed 0.4% to €17.40 after the services and machinery provider said first-half total revenue rose 9.6% to €701.5 million from the previous year. Net loss swung to €3.1 million compared to a profit of €5.6 million last year.

CRH Plc plunged 5% to €14.73 after the building materials manufacturer reported half-yearly revenues climbed 5% to €8.59 billion from the previous year. Pre-tax profit rose 23% to €117 million from €95 million in the prior year.

Hochtief AG fell 1.5% to €40.32 after the building and industrial service provider reported second quarter consolidated net loss swung to €15 million compared to a profit of €13.84 million last year.

Kabel Deutschland Holding AG dipped 0.4% to €51.70 after the cable network operator said first quarter revenues increased 7.7% to €444 million compared to €412 million in the quarter a year ago. Net profit surged to €66 million or 74 cents per share from €8 million or 9 cents per share in the prior year.

Merck KGaA soared 4.2% to €85.98 after German drug maker reported second quarter total revenues rose 12% to €2.85 billion and sales were up 11% to €2.74 billion compared to the year-ago quarter. Loss after tax narrowed to €61 million from €87 million last year.

Nordex SE declined 2.6% to €3.09 after German wind turbine manufacturer reported first-half sales grew 4.4% to €421.1 million. Consolidated loss widened to €23.3 million compared to a loss of €4.1 million last year.

RWE AG dropped 0.7% to €32.70 after German utility reported first-half revenues fell 1.3% to €27.09 billion. Net income for the first half edged down 0.4% to €1.58 billion. Recurrent net income, the key determinant of the RWE dividend, was stable at €1.7 billion.

Salzgitter AG gained 1.2% to €31.72 after German steel maker said first-half consolidated external sales climbed to €5.38 billion from €4.77 billion in the 2011 first half. Net loss in the period swung to €22.5 million or 46 cents per basic share compared to a profit of €93.7 million or €1.70 per basic share in the prior-year period.

Sky Deutschland AG advanced 1.2% to €2.82 after German pay television operator reported second quarter revenue rose 18% to €326.7 million from the prior-year quarter. Net loss narrowed to €13.8 million compared to a loss of €53.6 million last year.

TUI AG surged 6.6% to €5.76 after the tour operator said third quarter sales rose 8% to €4.72 billion from a year earlier. Operating earnings for the quarter climbed 6% to €102 million compared with €96 million last year.

Wirecard AG increased 1.8% to €15.98 after the electronic payment provider reported first-half consolidated revenues increased 20.3% to €177.9 million and operating earnings soared 39.7% to €49.4 million compared to last year.